In the world of finance, the term ‘ROI’ or ‘Return on Investment’ is often used to describe the gains you hope to make from monetary ventures. But there’s another kind of investment that promises even greater, more meaningful returns – investing in oneself. When you channel resources, time, and effort into your personal growth, health, and education, the dividends are not fleeting but can span generations, becoming a cherished legacy for decades into the future.
Prioritize your health
First, let’s talk about health. Health is our most precious asset. Without it, all the riches in the world mean very little. Spending time on regular exercise, adopting a balanced diet, and taking proactive measures for mental well-being can help lead to a life of vitality and longevity. Not only does it mean fewer medical bills, but healthy individuals tend to be more productive and more content, as well. While I may joke that dying is a tool to use to increase the odds of having a successful financial plan, the whole purpose of financial planning is to ensure your funds outlast your needs.
Never stop learning
Next comes education and personal growth. These are gifts that keep on giving. Whether it’s acquiring a new skill or deepening knowledge in a specific area, the benefits of personal development are manifold. They can lead to career advancement, open doors to new opportunities, or simply provide a sense of personal satisfaction many people lack. In a sense, money can buy happiness – if you use it to invest in rewarding educational experiences and opportunities.
How does investing in yourself translate to legacy?
Legacy isn’t just about leaving material possessions for the next generation; it’s about imparting values and wisdom. When you invest in bettering yourself, you become a role model for your children and their children. Your commitment to your health teaches your loved ones the importance of self-care. Your dedication to learning inspires curiosity and the pursuit of knowledge in those around you. Your charitable donations model caring for others and reinforce the lesson that money is a tool, not an end in itself.
Moreover, as you grow, you gain the resources and wisdom to support, mentor, and guide others on their journeys. This ripple effect means that your decision to invest in yourself doesn’t benefit just you; it has the potential to uplift an entire community, making the world a better place. To truly invest in yourself, a strong financial foundation is essential. Ensuring you have sufficient funds allows you the freedom to pursue personal growth, education, and health with confidence.
Ready to fortify your financial future? To ensure you have enough money to live the life you want, take advantage of our free Cross Border Financial Evaluation, and empower your journey of self-investment!
Douglas Goldstein, CFP®, GFP®, is the director of Profile Investment Services, Ltd. www.Profile-Financial.com He is a licensed financial professional both in the U.S. and Israel. Call (02) 624-2788 for a consultation on how to set up your American assets to meet your financial goals. Securities offered through Portfolio Resources Group, Inc. Member FINRA, SIPC, MSRB, FSI. The opinions expressed are those of the author and not those of Portfolio Resources Group, Inc. or its affiliates. Neither PRG nor its affiliates give tax or legal advice.
Published October 31, 2023.